Capital Markets

We specialize in sourcing capital for our clients

FOR ALL PROPERTY TYPES, NATIONWIDE

1st Service Solutions specializes in sourcing capital for our clients. As the nation’s leading CMBS advisory firm, we have access to capital for all property types, nationwide, including Joint Venture and structured financing. Our capital providers have long histories of working with CMBS owners and special servicers. The special servicers belief in the certainty of execution increases the likelihood of a successful modification of a CMBS loan. Accomplishing a successful CMBS modification takes many things, including capital.

When it makes sense for a borrower to utilize third party capital to execute, the key is sourcing the RIGHT capital! One that is borrower friendly and not out to take your property. One that has a good track record of execution with the special servicers.

Value of our Services

These are just some of the reasons why you should choose 1st Service Solutions for your capital provider

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Experience

Our senior team has over 100-years of experience in working with or for servicers on both the debt and equity side. We know first-hand the CMBS servicers requirements, including the types of capital solutions that will work for each situation

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Extensive Network

We regularly work with specific capital providers who are known by the special servicers and are borrower friendly; which is a key component to a successful CMBS modification

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Capital Specific To Your Need

We have relationships with an array of capital providers for all property types, nationwide, who can provide the following solutions:

Senior mortgages

Mezzanine loans and Preferred Equity

Bridge loans

Joint Venture Equity

Case Studies

Recent case studies

3 ENCLOSED MALLS

3 Malls in 3 surrounding states all secured by 1 CMBS loan

Anchor tenants included Sears, JC Penney and other tenants which have closed stores

Loan balance: $31MM

Appraisal at time of resolution: $13MM

1st Service Solutions got approval for a discounted payoff from the special servicer and secured 100% LTV DPO financing for the borrower

OFFICE BUILDING IN OHIO

260K SF office in Cincinnati, Ohio

Loan balance: $38MM

Occupancy was 65% and there was $3MM in capital required to stabilize property

Appraisal at time of resolution: $21MM

1st Service Solutions secured a transaction where the borrower was able to buy the note from a certain class of bondholders in the CMBS bond stack (for just over the appraised amount)

OFFICE BUILDING IN TEXAS

180K SF office in Texas

Loan balance: $33MM

Largest tenant lease expired and loan matured within a few months apart

Appraisal at time of resolution (with large vacancy): $12MM

1st Service Solutions secured a transaction where the borrower was able to buy the note from the trust by joint venturing with a large hedge fund (for the appraised amount)

1st CMBS Workout Firm

We invented the CMBS borrower advocate niche in the market and also were the 1st CMBS debt advisor to receive a ranking from Morningstar. We received Morningstar’s second-highest ranking, MOR-CV2. Don’t settle for 2nd!

Commercial Real Estate Advisors

We provide advice and solutions for anything ranging from the addition or removal of collateral on an existing CMBS loan, to the most complex loan restructure for all loan types, nationwide. We create a strategy for the owner based on their specific objectives, including avoiding or delaying tax consequences and blend that with the expectations/requirements of the particular Lender/Special Servicer. We also provide the owner with borrower friendly, creative debt & equity structures. We created this niche in the business and we remain the leader.